1 / 7

Do You Know India's rank falls on global competitiveness index | Truescoopnews

India has slipped 10 spots to rank 68th out of 141 surveyed countries in the annual global competitiveness index as several other economies in the world climbed up on the list due to improvements in economic and business activities. Read more here: https://www.truescoopnews.com/newsdetail/india-rank-falls-on-global-competitive-index

truescoopnews05
Download Presentation

Do You Know India's rank falls on global competitiveness index | Truescoopnews

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Do You Know India's rank falls on global competitiveness index

  2. India has slipped 10 spots to rank 68th out of 141 surveyed countries in the annual global competitiveness index as several other economies in the world climbed up on the list due to improvements in economic and business activities

  3. Last year India was ranked 58th in the annual Global Competitiveness Index compiled by Geneva-based World Economic Forum (WEF). However, this year it is among the worst-performing BRICS nations along with Brazil, which has ranked 71 this time.

  4. Singapore, on the other hand, replaced the United States as the world's most competitive economy. Hong Kong SAR came in at 3rd position while the Netherlands was ranked 4th and Switzerland at 5th spot.India's rank was as high as 15th in terms of corporate governance and ranks second in the world for shareholder governance, according to the WEF study. India also ranked third in terms of market size and renewable energy regulation.Also Read: India to be hit hard as IMF warns of economic slowdown in 90% countries

  5. In terms of healthy life expectancy, India has been ranked 109 out of a total of 141 countries surveyed for the index. • The study also urges India to grow its skill base and free up the market in terms of trade activities. It also highlights how the lack of worker rights' protections, insufficiently developed active labour market politics and critically low participation of women affected India's competitiveness ranking. • India's ratio of female workers to male workers of 0.26 has fetched it a rank of 128 while the country was positioned at 118th place in terms of meritocracy and incentivisation. • The skills rank for India was also disappointing at 107 despite the NarendraModigovt's flagship Skill India programme running aggressively for several years. • However, India is ahead of its neighbours Sri Lanka at 84th place, Bangladesh at 105th place, Nepal at 108th place and Pakistan at 110th place. • WEF also made it clear that a 10-position drop may look dramatic but the decline is relatively small. A number of similarly-placed economies including Colombia, South Africa, and Turkey improved in the past year to take over India. • One of the crucial aspects highlighted by the study is the fact that the global economy is not prepared for a major slowdown.

  6. For more News Read here: • www.truescoopnews.com/newsdetail/india-rank-falls-on-global-competitive-index • Contact Us  +91 70870-19001  info@truescoopnews.com

  7. Thanks for the Read.

More Related